Odaily Planet Daily News According to people familiar with the matter, cryptocurrency exchange Kraken is exploring raising $1 billion in debt financing before a potential IPO.
People familiar with the matter said the company is working with Goldman Sachs Group and JPMorgan Chase on the plan, which is still in its early stages. Any debt raised will be used to drive company growth rather than operational needs, with a minimum of $200 million.
Another person familiar with the matter said that in addition to debt financing, Kraken is also considering equity financing. No final decision has been made yet, and terms such as the size of the financing may still change.
Representatives for Kraken, Goldman Sachs and JPMorgan Chase declined to comment. (Bloomberg)